SOTKAMO SILVER HAS ENGAGED KPMG CORPORATE FINANCE TO ASSIST IN THE DEVELOPMENT AND FINANCING OF ITS FLAGSHIP, SILVER MINE PROJECT
(For press release in Finnish, see attached file)
Sotkamo Silver AB (“Sotkamo Silver” or “the Company”) has intensified efforts to fast-track the development of the Company’s flagship Silver Mine Project, including reviewing the financing options available.
Sotkamo Silver has engaged KPMG Corporate Finance (“KPMG”) to support the Company in the review of financing options available and related preparations. The Company remains committed and focused on developing the Silver Mine Project in order to maximise returns to shareholders.
KPMG has extensive experience in the mining sector with a dedicated global metals and mining corporate finance team headquartered in London, United Kingdom. KPMG is also a leading corporate finance advisor in Sweden and Finland, with an experienced and dedicated team in these regions.
“My view is that Sotkamo Silver benefits from KPMG’s direct contacts to international investors worldwide as well as its local market knowledge and execution capabilities in the Nordic countries. We think that this gives us the best possible access to the Nordic and international finance market. I am proud to be able to engage this experienced group of advisors for our Company.” Sotkamo Silver’s CEO Dr. Timo Lindborg.
Stockholm, March 5th 2013
Timo Lindborg, CEO
About Sotkamo Silver AB:
Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with regards to human society and environment. Sotkamo Silver owns, through its subsidiary mineral deposits, which contains silver and gold in Finland. The Company’s main development project is the Silver Mine project
Sotkamo Silver applies SveMin’s & FinnMin’s respective rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to report mineral resources and ore reserves according to the internationally accepted JORC or NI 43-101-code. The company applies International Financial Reporting Standards (IFRS) as approved by the European Union.
The ticker symbol is SOSI in NGM and SOSI1 in NASDAQ OMX Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910 and for warrants SE0004635290.
Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi
For further information: Timo Lindborg, CEO, tel. +358 40 508 3 507
The official Stock Exchange Release is given in Swedish and there may be differences in the translated versions.